Housing Northwest Inc

Analysis

Housing Northwest Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in February 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Housing Northwest Inc reported income of $15.1m and spending of $11.0m, leaving 27% of income unspent that year. Across the 3 years on record, from June 2020 to June 2023, income grew from $6.0m to $15.1m (+152%), an average of +59% a year. The sharpest change came in the year to June 2022, when income rose by 103%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Housing Northwest Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OR. Charities of a similar size with the same main cause include Invest Collegiate Imagine Inc ($15.1m), Southern Nevada Culinary and Bartenders Training Fund a Trust ($15.1m) and Sinquefield Center for Research Inc ($15.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $349k (3.2% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $86.2m against liabilities of $61.7m, net assets of $24.5m. It reported 52 employees.